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ICBC identifies over 3,000 possible fraud alerts on open claims with new analytics software

December 9, 2016 by Canadian Underwriter

The Insurance Corporation of British Columbia (ICBC) has discovered 3,300 possible fraud alerts on open claims over the last three years following a review with a new analytics tool. ICBC reported on Thursday that it has signed a five-year agreement

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On Good Behaviour

December 2, 2016 Robert Capps, Vice President of Business Development, NuData Security

With holiday season fast approaching, a surge in online shopping cannot be far behind. But with online shopping comes increased risk of security breaches and fraud. Combining behavioural analytics, passive biometrics and traditional verification solutions could go a long way towards keeping those risks under wraps.

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Facial recognition set to go live in Saskatchewan in late August

August 18, 2016 by Canadian Underwriter

Saskatchewan Government Insurance (SGI) will have in place facial recognition software when issuing driver licences and photo identification cards come Aug. 24, a move the insurer maintains will help combat fraud and bolster road safety. Customers will not notice anything

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Indictment: Engineering firm altered Superstorm Sandy damage reports

August 4, 2016 Michael Balsamo - THE ASSOCIATED PRESS

MINEOLA, N.Y. – An engineering firm that was hired by insurance companies to evaluate damage caused by Superstorm Sandy was charged Monday with illegally altering reports prepared by inspectors in the field. HiRise Engineering and one of the company’s project

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One in two fraud mitigation professionals ‘highly concerned’ with identify theft: LexisNexis

July 6, 2016 by Canadian Underwriter

One in three fraud mitigation professionals who were not using either external data or analytics-based products for fraud detection and mitigation cited lack of budget as a reason why, LexisNexis Risk Solutions suggested in a report released Wednesday. LexisNexis Risk

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Supreme Court of Canada to hear appeal from Deloitte over $118-million judgment arising from Livent fraud

June 9, 2016 by Canadian Underwriter

The Supreme Court of Canada announced Thursday it will hear an appeal from Deloitte & Touche, which was sued for $84 million in Ontario by the special receiver for Live Entertainment Corporation of Canada Inc., essentially for failing to detect

News InsuranceLegal

Financial and Consumer Affairs Authority of Saskatchewan issues warning over financial scam

June 6, 2016 by Canadian Underwriter

The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) is warning the public about an ongoing financial scam that attempts to solicit financial information from unsuspecting victims. This scam is committed by persons who claim to be representatives of Financial

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Human error seen as leading cause of information security breaches for small businesses: Canadian survey

May 31, 2016 by Canadian Underwriter

Not enough small businesses in Canada are implementing training programs and establishing protocols to help employees recognize risks to information security despite staff awareness and errors being among the biggest threats, suggest results of Shred-it’s 2016 Security Tracker Survey. Canadian

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Reduced auto insurance accident benefits could influence balance between attendant care, treatment: lawyer

May 12, 2016 Angela Stelmakowich, Editor

The reduced accident benefits under Ontario’s auto reforms may prove a shock to drivers with non-catastrophic injuries, but perhaps should also elicit concern over the potential for treatment to come second to attendant care, suggests Daniel Strigberger, a lawyer with

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IBC launches Provincial Auto Theft Network program in Newfoundland and Labrador

April 26, 2016 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) announced on Tuesday that it has launched the Provincial Auto Theft Network (PATNET) program in Newfoundland and Labrador. The two-day PATNET training session in St. John’s, Nfld., which has drawn interest from law enforcement

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YIPT autonomous vehicles panel addresses product liability, future need for personal auto insurance

April 22, 2016 by Canadian Underwriter

The first fully autonomous cars could be in showrooms in a few years, attendees to the Young Insurance Professionals of Toronto (YIPT) second annual Speaker Panel Series heard last week. “You will see the first fully autonomous cars in showrooms

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Two Alberta men charged in connection with arson of their own business

April 13, 2016 by Canadian Underwriter

The Calgary Police Service (CPS) Arson Unit announced on Tuesday that a father and son have been charged in connection with the arson of their own business. At approximately 2:25 a.m., on Thursday, Sept. 6, 2015, an alarm was triggered